Meghmani Results Review

MEGH SP - The principal activities of the Company are the manufacture and sale of Pigments, Agrochemicalsproducts and export trading of dyes, dyes intermediates and Agrochemicals products which arenot manufactured by the Company.

6 months ending 30 Sept [04 v 03]

• Revenue: +48.5%
  
• Net Profit: +14.6%
  
• EPS: Constant NAV per share: +15.5%
  
• ST and LT Bank Borrowings: Reduced
  
• Total Liabilities: 1,311,842,000 Rs
  
• Total Assets: 3,342,616 Rs
  
• EPS: Constant [0.82 Rs on wt shares of 188,176,027]NAV per share: +15.5% [10.12 Rs]
  

Minuses:

• Distribution Costs: +36.4%
  
• Cost of Sales: +57.4%
  
• Cash: -38% [30 Sept v 31 Mar 04]
  
• Cash Flow from Ops: -16.9%
  
• Affected by crude oil prices as it uses raw materials which are derivatives of oil.
  
• Also affected by prices of metals such as copper and aluminum and gases.